$8M lawsuit launched against the Stars Group

TORONTO — A Florida man has filed an $8-million lawsuit against the Stars Group, Inc., alleging the online poker firm formerly known as Amaya Inc. failed to compensate him for work he performed.

The complaint filed Tuesday in Broward Count, Fla., says Gideon Van Kessel served as a consultant and strategic adviser to the Stars Group for nearly four years.

The lawsuit says ex-Amaya CEO David Baazov and the Stars Group retained Van Kessel to identify and acquire other gaming-related businesses with the aim of increasing its revenue and valuation of its publicly traded share prices.

It alleges that after Amaya was raided by the RCMP and Quebec's securities regulator in December 2014, Baazov and the Stars Group reneged on paying certain key consultants and personnel, including Van Kessel.

The investigation by Quebec's securities regulator led to an insider trading case that is before the provincial courts involving Baazov and others. None of allegations have been proven.

The Stars Group, which is now based in Toronto, did not immediately respond to requests for comment.

Companies in this story: (TSX:TSGI)

By The Canadian Press

$8M lawsuit launched against the Stars Group

NewsFeb 13, 2018

TORONTO — A Florida man has filed an $8-million lawsuit against the Stars Group, Inc., alleging the online poker firm formerly known as Amaya Inc. failed to compensate him for work he performed.

The complaint filed Tuesday in Broward Count, Fla., says Gideon Van Kessel served as a consultant and strategic adviser to the Stars Group for nearly four years.

The lawsuit says ex-Amaya CEO David Baazov and the Stars Group retained Van Kessel to identify and acquire other gaming-related businesses with the aim of increasing its revenue and valuation of its publicly traded share prices.

It alleges that after Amaya was raided by the RCMP and Quebec's securities regulator in December 2014, Baazov and the Stars Group reneged on paying certain key consultants and personnel, including Van Kessel.

The investigation by Quebec's securities regulator led to an insider trading case that is before the provincial courts involving Baazov and others. None of allegations have been proven.

The Stars Group, which is now based in Toronto, did not immediately respond to requests for comment.

Companies in this story: (TSX:TSGI)

By The Canadian Press

Top Stories

$8M lawsuit launched against the Stars Group

NewsFeb 13, 2018

TORONTO — A Florida man has filed an $8-million lawsuit against the Stars Group, Inc., alleging the online poker firm formerly known as Amaya Inc. failed to compensate him for work he performed.

The complaint filed Tuesday in Broward Count, Fla., says Gideon Van Kessel served as a consultant and strategic adviser to the Stars Group for nearly four years.

The lawsuit says ex-Amaya CEO David Baazov and the Stars Group retained Van Kessel to identify and acquire other gaming-related businesses with the aim of increasing its revenue and valuation of its publicly traded share prices.

It alleges that after Amaya was raided by the RCMP and Quebec's securities regulator in December 2014, Baazov and the Stars Group reneged on paying certain key consultants and personnel, including Van Kessel.

The investigation by Quebec's securities regulator led to an insider trading case that is before the provincial courts involving Baazov and others. None of allegations have been proven.

The Stars Group, which is now based in Toronto, did not immediately respond to requests for comment.